Featured News
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IRS amends rules for computing premium tax credit
Final regulations from the IRS amend the definition of “coverage month” and certain other rules in existing income tax regulations regarding the computation of a taxpayer’s premium tax credit.
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Fed lowers rates but points to fewer cuts in 2025
The Federal Reserve lowered its benchmark interest rate by a quarter percentage point to a range of 4.25%-4.5%, but policymakers signaled caution about additional rate cuts next year.
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PEEC issues recruiting guidance, exposure draft
The AICPA Professional Ethics Executive Committee (PEEC) has released new ethics guidance related to recruiting services for attest clients.
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DOR announces local sales and use tax rates for 2025
The Wisconsin Department of Revenue (DOR) has announced new local sales and use tax rates for 2025.
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WICPA joins coalition urging Treasury, FinCEN to address BOI concerns
In a letter to Treasury and FinCEN, the WICPA has joined the AICPA and other state societies to express concern about the upcoming Beneficial Ownership Information (BOI) deadline.
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Survey: More CPA leaders gravitating toward gen AI
A recent survey from AICPA & CIMA finds CPA decision-makers grew more interested in the use of generative artificial intelligence (AI) tools over the past year.
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Wisconsin DECA seeks judges for 2025 state conference
The Wisconsin DECA is now accepting volunteers to help judge students at the State Career Development Conference on Monday, Feb. 24, and/or Tuesday, Feb. 25, in Lake Geneva.
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Texas court blocks CTA, BOI requirement
On Dec. 3, a Texas-based federal court issued a sweeping order prohibiting the federal government from enforcing the Corporate Transparency Act nationwide.
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IRS processing 400K ERC claims
The IRS is currently processing around 400,000 claims for the employee retention credit (ERC), amounting to approximately $10 billion in eligible claims.
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CFO teams ramping up their use of AI, survey finds
A new global survey finds that over two-thirds of corporate finance teams are in the exploratory stage of using artificial intelligence (AI).